20 Terms
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General law
Common terminology used in legal business.
Industry: Law; Legal services
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General law
rubber-stamp seal
Legal services; General law
A notary public's official seal, which is ink-stamped onto documents.
promissory note
Legal services; General law
An unconditional written promise, signed by the maker, to pay absolutely, to the order of the bearer.
taxable termination
Legal services; General law
A taxable event that occurs when an interest in a generation-skipping trust property terminates.
tax-benefit rule
Legal services; General law
The principle that if a taxpayer recovers a loss or expense that was deducted in a previous year, the recovery must be included in the current year's gross income.
tax bracket
Legal services; General law
A categorized level of income subject to a particular tax rate under federal or state law.
admeasurement
Legal services; General law
Ascertainment, assignment, or apportionment by a fixed quantity of value.
